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Canara Bank inches up on reporting 17% rise in Q4 consolidated net profit
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Canara Bank is currently trading at Rs. 558.25, up by 0.15 points or 0.03% from its previous closing of Rs. 558.10 on the BSE.
The scrip opened at Rs. 564.20 and has touched a high and low of Rs. 568.10 and Rs. 557.25 respectively. So far 424095 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 632.65 on 03-May-2024 and a 52 week low of Rs. 291.30 on 19-May-2023.
Last one week high and low of the scrip stood at Rs. 632.65 and Rs. 554.40 respectively. The current market cap of the company is Rs. 101437.09 crore.
The promoters holding in the company stood at 62.93%, while Institutions and Non-Institutions held 24.95% and 12.11% respectively.
Canara Bank has reported results for fourth quarter (Q4) and year ended March 31, 2024.
The bank has reported 18.35% rise in its net profit at Rs 3,757.23 crore for the quarter under review as compared to Rs 3,174.74 crore for the same quarter in the previous year. Total income of the bank increased by 18.62% at Rs 34,025.18 crore for Q4FY24 as compared Rs 28,684.97 crore for the corresponding quarter previous year.
On consolidated basis, the bank has reported 17.33% rise in its net profit at Rs 3,793.21 crore for fourth quarter ended March 31, 2024 as compared to Rs 3,232.84 crore for the same quarter in the previous year. Total income of the bank increased by 17.66% at Rs 37,384.14 crore for Q4FY24 as compared Rs 31,774.04 crore for the corresponding quarter previous year.
For the year ended March 31, 2024, the bank has reported 37.26% rise in net profit at Rs 14,554.33 crore as compared to Rs 10,603.76 crore for the previous year. Total income of the bank increased by 23.71% at Rs 1,27,654.37 crore for year under review as compared to Rs 1,03,186.98 crore for year ended March 31, 2023.
For the year ended March 31, 2024, on the consolidated basis, the bank has reported 36.77% rise in its net profit at Rs 14,782.36 crore as compared to Rs 10,807.80 crore for the previous year. Total income of the bank increased by 25.14% at Rs 1,39,164.94 crore for year under review as compared to Rs 1,11,209.76 crore for year ended March 31, 2023.
